West Bengal’s first BJP government Monday unveiled a Rs 4.39-lakh-crore budget that underscored its ambition of industrial revival for the state, with mega infrastructure support, fiscal restructuring and job creation forming the nucleus of an exercise keenly tracked by millions of voters that had ushered in the change earlier this summer. "Our government is committed to creating a truly enabling environment for industrial growth and investment by significantly enhancing the ease of doing business across the state," finance minister Swapan Dasgupta said in his maiden budget speech, announcing the state would bring in laws to safeguard businesses from 'syndicate fees’ - an alleged system of politician-contractor nexus that plagued the previous Trinamool Congress administration.Also read: PM Modi says Bengal on fast development track under NDA's double-engine governmentDasgupta promised a comprehensive review of existing regulatory processes, approvals, inspections and compliance requirements with the objective of simplifying procedures, reducing the compliance burden on entrepreneurs. The government led by Chief Minister Suvendu Adhikari also promised a review of the Urban Land Ceiling Act for private industry. Single-window system will be adopted for giving statutory clearances for proposed investments over Rs 100 crore.The budget was announced within seven weeks of the regime change. The BJP government assumed charge on May 9 after receiving an overwhelming majority toppling the 15-year TMC rule. Dasgupta raised the size of his budget from the Rs 4.06 lakh crore announced by the previous government in the vote-on-account passed before the assembly elections in April.Poll PromisesThe finance minister ticked all the boxes in line with his party's election manifesto. He announced measures to increase farmers' earnings, revive the state's education and health systems, boost tourism, set up new IITs and IIMs in North Bengal, raise the allowances under several benefit schemes, a 20% hike dearness allowance for state government employees and fill up 100,000 government vacancies with 33% reservation for women while outlining ambitious initiatives to revive the state's deteriorating investment climate in his 90-minute budget speech."Our endeavour is to boost the state's law and order situation and improve road and air connectivity which would play a crucial role in the creation of an ideal industrial and investment environment," chief minister Suvendu Adhikari said at the post-budget media conference."The previous government had withdrawn incentives for industries, we have reintroduced incentives and allocated Rs 5000 crore for the purpose,” he said.Moreover, the emphasis on accelerating the Digital India Land Records Modernisation Programme (DILRMP) and integrating Aadhaar-linked land records is a welcome reform that will enhance transparency, reduce title-related disputes, improve ease of doing business and facilitate more efficient delivery of benefits to genuine landholders, said Bharat Chamber of Commerce president Naresh Pachisia.Infra BackboneDasgupta announced a new airport near Kolkata, a deep-sea port in Purba Medinipur, and a slew of measures to boost road connectivity and link-roads for better market penetration. He proposed setting up new thermal and solar power plants to meet the future peak electricity demand, which is projected to surge to 16 gigawatt in next two years from 13 gigawatt at present with the expected flow of investments."We are particularly encouraged by the government's commitment to leveraging infrastructure-led growth as a catalyst for attracting investments, generating employment opportunities, and enhancing the competitiveness of West Bengal as a preferred investment destination in eastern India," ASSOCHAM's eastern region chairman Taranjit Singh said.Also read: PM Modi greets people of West Bengal on 'Paschimbanga Divas'West Bengal occupies a strategic position as the gateway to eastern and northeastern India and enjoys significant advantages in terms of market access, skilled manpower, ports, mineral resources, and industrial infrastructure.The government plans to introduce a West Bengal Investment Promotion Framework with main thrust on industrial development through a cluster approach along industrial corridors."This would encourage investments in both the MSME and major industrial projects, give priority to investments in North Bengal and Paschimanchal, encourage use of green energy and incentivize investments in emerging technologies such as electric vehicles, semiconductor devices and designs, green hydrogen, defence manufacturing," Dasgupta said.His budget for Fy2027 projected the revenue deficit at 1.02% of the state's gross domestic product, down from the revised 2025-26 figure of 2.07%, the fiscal deficit at 2.91% against 3.40 per cent and and the debt-to-GDP ratio of 37.98% as against the current 38.29%.The state is looking to boost revenue through legalising mining across stone, sand, granite and other minor minerals to prevent leakage and augment the state revenues. "All pending auctions for various minor minerals will be conducted in a centralized manner through an e-auctions system. Fast tracking of issuance of all clearances and approvals with clear timelines will be implemented to ensure legal mining in the state and augment state revenues," Dasgupta said.